Equal pay for UK women is "decades away"

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LONDON (Reuters Life!) - Male managers in Britain earn 10,000 pounds ($15,587) a year more than their female counterparts and it could be almost 60 years before that gap is closed, a Chartered Management Institute survey said on Thursday.

The institute’s investigation showed salaries for women in charge were increasing slightly faster than those for male bosses — up 2.8 percent over the last 12 months — but some top-earning men were paid a quarter more than the opposite sex.

“Girls born this year will face the probability of working for around 40 years in the shadow of unequal pay,” said Petra Wilton, CMI head of policy. “The prospect of continued decades of pay inequality cannot be allowed to become reality.”

The survey, taking data from 43,312 people in 197 organizations, showed the average salary for a male manager stood at 10,071 pounds ($15,750) more than that of a female boss, with current rates of wage inflation pointing to a 57-year wait for equality.